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InvisibleModestMouse
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Investments?
    #22437540 - 10/26/15 08:18 PM (8 years, 3 months ago)

Once I get out of school I'm going to start trading stocks on a small scale for a hobby. When I start to wise up more I'll eventually turn it into something I take seriously. I like the intelligent-gambling aspect of it though.

Are any of y'all invested in stocks or commodities?
How deep are you in to it?


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OfflineRanOutOfWeed
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Re: Investments? [Re: ModestMouse]
    #22437567 - 10/26/15 08:26 PM (8 years, 3 months ago)

I started playing around with stocks on a site called Loyal3. Bought 8000$ worth of apple stock a few days ago, just sold and made a couple hundred dollar profit

Not bad, but I couldn't see myself doing serious stocks.

You may want to play around on there for a bit, get a feel for watching the market.


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Edited by RanOutOfWeed (10/26/15 08:27 PM)


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InvisibleFruitOfLife
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Re: Investments? [Re: RanOutOfWeed]
    #22437568 - 10/26/15 08:27 PM (8 years, 3 months ago)

You don't think $8000 is serious?!?!


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OfflineRanOutOfWeed
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Re: Investments? [Re: FruitOfLife]
    #22437594 - 10/26/15 08:36 PM (8 years, 3 months ago)

Not really. Especially when you know how to invest and reinvest.

I put the money right back in, cuz apple is doing amazing right now.


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InvisibleBig Bear
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Re: Investments? [Re: ModestMouse]
    #22437679 - 10/26/15 09:00 PM (8 years, 3 months ago)

Invest in land, A car, a house, and avoiding debt before you worry about the stock market.  While stocks are fine and dandy if you have an expendable amount of cash to play with, they certainly aren't a wise get rich quick scheme.  Get rich slowly.  Head over to the money matters forum,  where there is a great thread with info about the stock market.


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Invisiblegrower182
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Re: Investments? [Re: RanOutOfWeed]
    #22437682 - 10/26/15 09:01 PM (8 years, 3 months ago)

Buying and selling quickly like that is risky especially if you don't really know what you are doing.

My plan is to set up an automatic investment to buy maybe around $200 of a S&p ETF each week. Have all dividends reinvest and forget about it for a couple years. There will be many ups and downs but since it's money I don't need I can wait it out until it's high before I sell.


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OfflineRanOutOfWeed
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Re: Investments? [Re: grower182]
    #22437698 - 10/26/15 09:04 PM (8 years, 3 months ago)

Whatever floats your boat

I prefer day trading, as I am not a patient person and don't trust the market for long term investing.


You can make a couple hundred a day doing it with around 10k



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Edited by RanOutOfWeed (10/26/15 09:05 PM)


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OfflineAll We Perceive
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Re: Investments? [Re: RanOutOfWeed]
    #22437923 - 10/26/15 09:46 PM (8 years, 3 months ago)

I dabble sometimes, mostly in energy and commodity companies for the time being due to the extreme volatility.  Ride the elevator up, the elevator goes down, repeat.  Take this chart for example from today.  Looks good from a charting perspective if the stock price line bounces off the diagonal trend line.  RSI, and stochastic RSI, and almost stochastics also signal buy.



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"plus they atually think jambands are good or sumthing, so they clearly know absolutely nothing about music, clearly lol" -Bassfreak


Edited by All We Perceive (10/26/15 09:46 PM)


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OnlineSeriously_trippin
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Re: Investments? [Re: RanOutOfWeed]
    #22438520 - 10/27/15 12:44 AM (8 years, 3 months ago)

Quote:

RanOutOfWeed said:
Whatever floats your boat

I prefer day trading, as I am not a patient person and don't trust the market for long term investing.


You can make a couple hundred a day doing it with around 10k





This is the only way to do it, put in 5-10 grand on an informed decision wait for it to go up once and sell


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Offlinemakaveli8x8
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Re: Investments? [Re: Seriously_trippin]
    #22438533 - 10/27/15 12:49 AM (8 years, 3 months ago)

and then one day the company decides to close its doors and you lose everything:cookiemonster:


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OnlineSeriously_trippin
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Re: Investments? [Re: makaveli8x8]
    #22438547 - 10/27/15 12:56 AM (8 years, 3 months ago)

I don't even gamble,little alone invest,if I think 5-10$ hands of blackjack is high risk I'd never do something like that but the people I know that do are fuckin rich as shit. A few of em lost their skin on it though. Real estate is safer,even then that's a lot of money if you don't know what you are doing.


--------------------
R.I.P
Zombi3, Blue Helix
Modest Mouse
Zappa
Slothie
That Kid With The face
ShLong
Le Canard
split_by_nine
& Big Worm Forever
Etched in the sands of time in the shroomery and ever so beloved and deeply missed by many :heart:


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InvisibleKalistis
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Re: Investments? [Re: Seriously_trippin]
    #22438575 - 10/27/15 01:10 AM (8 years, 3 months ago)

Diversity is a very important aspect of your investments. I don't keep all my eggs in one basket and neither should you. I don't see the value of investing a couple hundred dollars in the stock market, personally. Retirement accounts like 401k's and Simple IRS are fantastic as often employers match up to a certain percentage which equates to tax free money you can later use to buy a home and retire. The housing market can be a crap shoot, especially if you have intentions of selling the property within the first 10 years. Historically speaking home prices rise over the life of a 30 year loan. But if sell it 6 years later, chances are the market hasn't changed much and unless you have invested more money into that investment.... which in itself can be a crapshoot... you are losing money.

However, if you have any debt whatsoever, do yourself a favor and pay it off before investing any of your money in the stock market. Most people put no thought into the money they throw away in interest and fees associated to debt. Your goal as a young adult should be to be debt free.


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OfflineBoomertown
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Re: Investments? [Re: Kalistis]
    #22442175 - 10/27/15 09:05 PM (8 years, 3 months ago)

So I have an opportunity to take over a mobile home that was my grandfathers before he passed. My uncle is currently taking care of it, but doesn't really want to deal with it any more. It is located in kind of a shithole country town. I would still owe about 22k if I have it transfered into my name and it is on a half acre of land with a well and garage w/shed. My monthly payment would be slightly under 300$ a month for the mortgage . The problem I see arising would be the possibility of a shitty tenant, as I live 3 hours away from this property, I would be renting it out.

I feel like I could easily have rent about 500$ a month with water/gas/septic included. I am only 25 and have never owned property before. Has anyone here ever rented or been a landlord?


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InvisibleKalistis
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Re: Investments? [Re: Boomertown]
    #22442296 - 10/27/15 09:28 PM (8 years, 3 months ago)

Well, it really depends on the laws in that state. What would the property taxes be? Can you afford the morgatge if you can't find a tenant? How much is insurance? Would you be able to afford to keep it up to state regulated code?


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Offlinemakaveli8x8
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Re: Investments? [Re: Kalistis]
    #22442332 - 10/27/15 09:33 PM (8 years, 3 months ago)

turn the garage into a tiny little house and have 2 renters.

even if u only have one renter, if u set it up so they are basically paying the morgage/utilitys off you'll be set even if u have to pay the tax's.  You'd basically be getting the shit for free over time, but account for 1k maintence every year incase shit blows up, and go through everything before u get a renter, much easier to work on shit without having to do it around noisy little kids and people watching your plumber crack

i say do it, but first id check the trailer out, look at what the land/trailer appraise for, because u might be better off letting it all go to creditors then buying it at a discount instead


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We were sent to hell for eternity :hellfire: Ø:omgawesome:h®
We play on earth to pass the time :foreheadslap:

Over-population the root of all Evil-brings the Elites Closer to the gates.


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OfflineGorlax
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Re: Investments? [Re: ModestMouse]
    #22442337 - 10/27/15 09:35 PM (8 years, 3 months ago)

Stocks are good as long as the company is solid and you know what your doing. Obviously penny stocks are absolute gambles. I stick to just riding small waves of known companies and sometimes I get lucky on startups. I've also fallen into the holding too long trick and lost out on profit. Haven't lost much and my money is pretty secure in the stocks I have now. I basically grade the companies I buy with my own system and my number 1 rule is to never buy stock in a company I wouldn't personally want to own in years to come.

You also have people who are obsessed with charts, graphs, and tricks of that nature. They can be really good signals but honestly nothing beats information. Information is the most important commodity in the world. Think about it, if you knew GoPro earning estimates that are expected to be released tomorrow are below expected you know the stock will drop and you could short ahead of time and make lots of money. The same goes for if the earnings are high then you buy and profit that way.. Essentially that's why insider trading is illegal because it's an unfair advantage. The job of someone to trade stocks is to use all their ability to predict what that information is going to be by signals and other shit.

Being knee deep into day trading will make you pull your hair out if your just reinvesting your personal income. Find a few solid stocks and invest in them and wait for the wave. Some companies just don't fail.


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OfflineBoomertown
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Re: Investments? [Re: Gorlax]
    #22447046 - 10/28/15 10:32 PM (8 years, 3 months ago)

Well the trailer is in alright condition, there for sure could be some work done. The taxes are about 2000$ a year. Everything is up to code as for state regulations.

As for being able to pay the mortgage if I don't find a renter..that would be the hard part. I could do it some months, but I don't think I could go 6months or more with out having someone in there.

I suppose if I can come up with 5000$ before I take it over, then I would have a cushion to fall back on if I didn't find a renter and or if something like the water heater or well pump went out. The mortgage is only 300$ a month by its self. So if I could find a renter, I would be making 200$ a month and would be slowly paying off the loan, and would slowly be throwing my extra money I have onto the load so I can pay it off faster. The goal would eventually be to rip down the trailer and build a new place on there, then sell it.

This is all an investment anyways. Money won't really be an issue as of the first of the year. I guess I am just looking for thoughts from other people if you were presented an opportunity such as this. There is a timeline though..the bank will take it soon if someone doesn't take it over by the first of the year. I just have to make sure I have that cushion before I take it over.


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OfflineSoulidarity
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Re: Investments? [Re: Boomertown]
    #22447473 - 10/29/15 12:38 AM (8 years, 3 months ago)

It's generally not a good idea to go for short term gains with sticks and shares. That is pretty much gambling. Sure you might make a few quick wins, you also might feel the pinch of some sharp losses.

Remember when seing you can only complete a purchase when matched with a buyer. This is an extreme example, but if the price bottoms out and no one is buying, you can get trapped with it and have to eat the loss.

In general it's best to get a nice bit of money together, pick some well established safe stocks, and hold onto them for a 5-7-10 year period. It's relatively safe to do this. If you look at long term market trends they are almost always an increase, even though there is fluctuations along the way. In the long term it's usually pretty safe.

It's even a good idea to purchase some of the aggregate stocks from the different exchanges so you can ride up the value in the various exchanges over time.


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Offlinemakaveli8x8
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Re: Investments? [Re: Soulidarity]
    #22447543 - 10/29/15 01:14 AM (8 years, 3 months ago)

problem is markets change alot, and in almost every market, especially at this point in time, things can change really quick and wipe a company out or make them irrelevant.

Take technology like say dvd's, bluerays, that shit came, and got wiped out fast.  Maybe it didn't phase sony much because they are so big but it should have, their PS3 they were losing money on forever too around the same time that was happening.  I mean there are still blurays but does anybody actually buy them?

Then energy markets something big could come along and screw them all over too, it just seems like all these markets are so fragile, all it takes is the next big thing and poof companys are destroyed


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We were sent to hell for eternity :hellfire: Ø:omgawesome:h®
We play on earth to pass the time :foreheadslap:

Over-population the root of all Evil-brings the Elites Closer to the gates.


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OfflineSoulidarity
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Re: Investments? [Re: makaveli8x8]
    #22447562 - 10/29/15 01:23 AM (8 years, 3 months ago)

Things like banks (in Australia) are pretty safe bets. Google. Even the index itself you can buy stock in.


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OfflineSoulidarity
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Re: Investments? [Re: Soulidarity]
    #22447565 - 10/29/15 01:24 AM (8 years, 3 months ago)

I.e. In the long term your aiming for very strong and established safe companies that won't fail


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Invisiblenice1returns
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Re: Investments? [Re: RanOutOfWeed]
    #22447683 - 10/29/15 02:45 AM (8 years, 3 months ago)

Quote:

RanOutOfWeed said:
I started playing around with stocks on a site called Loyal3. Bought 8000$ worth of apple stock a few days ago, just sold and made a couple hundred dollar profit





Do you pay fees when buying these?  How exactly is it done, I mean where do you go to find and buy them?

I've been very interested in this for a long time but never started.  Theres so much info out there that starting is a bit overwhelming.

I'm really annoyed I missed the gold and bitcoin booms.  >:( I was too scared to invest fuuuuuuu


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